Trump's tariff policy has once again boosted safe haven buying demand, causing the US dollar to slightly fall and consolidate on Monday The gold prices surged nearly 3%

2025年05月06号

On Monday, the US dollar index fluctuated and fell in the Asian and European markets.

On Monday, the US dollar index fluctuated and fell in the Asian and European markets. However, due to unexpected ISM non manufacturing data, the US dollar index rebounded below $100 and ultimately closed down 0.24% at 99.79. The benchmark 10-year US Treasury yield closed at 4.350%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.8450%. At the beginning of the Asian market on Tuesday (May 6th), spot gold fluctuated narrowly at a high in the past week, currently trading around $3330 per ounce. Driven by the weakening of the US dollar and safe haven demand, gold prices rose nearly 3% on Monday, with spot gold closing at $3333.73 per ounce, up nearly $100 from last Friday's closing price. The market is waiting for the Federal Reserve's policy decision later this week. Due to market news that OPEC+will continue to accelerate production increases, crude oil opened down 5% on Monday and closed down more than $1. WTI crude oil ultimately closed down 2.06% at $57.15 per barrel; Brent crude oil closed down 1.82% at $60.30 per barrel.

 

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